FPIs pull out Rs 36,221 cr from markets in 13 days as risk-off intensifies

While a coordinated aggressive monetary easing from the central banks is most likely to offer some respite in the near-term, it is unlikely to improve the sentiments

Outflow from the Indian capital markets could pick up pace if foreign institutional investors (FIIs) continue to remain in a risk-off phase, given the coronavirus pandemic that has tightened its grip over most economies, say analysts.

Adopting a cautious approach amid the worldwide outbreak, foreign portfolio investors (FPIs) have already pulled out a net Rs 36,221 crore ($4.96 billion) from the Indian capital markets in the past 13 trading days.

“For FPIs/FIIs, it is more of a global risk-off and not just about India. While the health scare has dampened investor sentiment across the globe, India benefits from the sharp